Bitcoin Pizza Day, Worst Decline Since 2015..."10,000 BTC Value Plummeted 29.7%"

▲ Bitcoin (BTC), Pizza/AI Generated Image

Bitcoin (Bitcoin, BTC) Pizza Day returned this year with a value reduced by $328 million. The nominal value of 10,000 BTC, which was used to buy two pizzas in 2010, decreased from $1.106 billion last year to $777.87 million this year.

BeInCrypto reported on May 22 (local time) that the value of 10,000 BTC on Bitcoin Pizza Day this year decreased by 29.7% compared to the previous year. This is the largest Pizza Day decline since the 54% drop in the 2015 bear market.

Bitcoin Pizza Day commemorates programmer Laszlo Hanyecz's purchase of two Papa John’s pizzas with 10,000 BTC on May 22, 2010. On its 15th anniversary last year, Bitcoin traded at $110,568, and the nominal value of 10,000 BTC at the time reached $1.106 billion.

Bitcoin continued its upward trend thereafter, reaching an all-time high of $126,000 on October 6, 2025. However, after President Donald Trump announced a 100% tariff on Chinese imports on October 10, the cryptocurrency market incurred losses of approximately $200 billion, and Bitcoin fell from $122,000 to $107,000.

Bitcoin's performance remained weak into 2026. In the first quarter, Bitcoin fell by 22.2%, marking its worst first quarter since 2018, and amid tensions in Iran, Bitcoin spot ETFs saw net outflows of $496.5 million. Although it rebounded by about 14% in the second quarter, it still remained in negative territory compared to the beginning of the year.

BeInCrypto stated that this year's Bitcoin Pizza Day is the sixth instance of a decline among 16 anniversaries. Notably, 2026 was recorded as the year with the largest absolute decrease in value on Pizza Day.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*